IDBI Bank's insolvency appeal against ZEEL dismissed by NCLAT – MSN
IDBI Bank’s insolvency appeal against ZEEL dismissed by NCLAT MSN Read the original article here
NCLAT dismisses IDBI Bank’s plea for insolvency against Zee Entertainment
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender’s plea to initiate insolvency proceedings…
IDBI Bank’s insolvency appeal against ZEEL dismissed by NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Monday (Apr 7) dismissed an appeal filed by IDBI Bank challenging the order of the National Company Law Tribunal (NCLT) which dismissed an insolvency plea against Zee Entertainment Enterprises Limited (ZEEL). NCLAT is the appellate body for the decisions of the bankruptcy court NCLT. As per Bar and…
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Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates
New Delhi, April 7: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings. Jaiprakash Associates, a key player in sectors like real estate, cement manufacturing, hospitality, and engineering & construction, was admitted into the…
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NCLAT dismisses IDBI Bank’s plea for insolvency against Zee Entertainment
The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender’s plea to initiate insolvency proceedings…
Court rules out prosecution after resolution plan approval | India
In the case of Bhushan Power & Steel Limited (BPSL) v Union of India & Another (2025), Delhi High Court has held that once a resolution plan is approved and a change in management occurs, a corporate debtor cannot be prosecuted for offences committed prior to commencement of the Corporate Insolvency Resolution Process (CIRP). The…
NCLAT dismisses IDBI Bank’s insolvency plea against Zee
In a relief for Zee Entertainment Enterprises Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the insolvency plea filed by IDBI Bank against the media company over unpaid dues of around ₹150 crore. The top insolvency court upheld an earlier order by the National Company Law Tribunal (NCLT), Mumbai, which ruled that IDBI…
Govt to soon float cabinet note on IBC amendments; bill likely in Monsoon Session
The government is set to float a cabinet note within the next two weeks, outlining key amendments to the Insolvency and Bankruptcy Code (IBC), according to sources in the Ministry of Finance. The bill is expected to be tabled during the upcoming monsoon session of Parliament. One of the major reforms under consideration is likely…